Federal Agricultural Mortgage Corporation (NYSE:AGM) Shares Set to Pay Quarterly Dividend of $1.60

Federal Agricultural Mortgage Corporation (NYSE:AGM) announced a quarterly dividend on Thursday, November 12th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $1.60 per share by the credit services provider on Thursday, December 31st. This represents a $6.40 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, December 15th.

Federal Agricultural Mortgage has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Federal Agricultural Mortgage has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Federal Agricultural Mortgage to earn $23.17 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 27.6%.

Federal Agricultural Mortgage Trading Up 0.4%

Shares of AGM stock opened at $174.87 on Friday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.71 and a beta of 1.02. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $208.02 and a 200 day moving average price of $189.64. Federal Agricultural Mortgage has a twelve month low of $136.57 and a twelve month high of $248.29.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Thursday, November 5th. The credit services provider reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.20 by ($0.38). The firm had revenue of $125.25 million for the quarter, compared to analyst estimates of $121.29 million. Federal Agricultural Mortgage had a return on equity of 19.16% and a net margin of 28.88%. Research analysts forecast that Federal Agricultural Mortgage will post 20.45 earnings per share for the current fiscal year.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation, known as Farmer Mac, operates a secondary market that helps provide liquidity to lenders serving U.S. agriculture and rural communities. Established by Congress under the Agricultural Credit Act of 1987, the company purchases eligible loans and provides guarantees and other financing solutions to lending institutions. Farmer Mac’s offerings support loans for farms and ranches, rural utilities and infrastructure, and other eligible rural borrowers. Its programs also include financing tied to USDA-guaranteed loans.